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Call for comment: 2013 Retirement Reform Proposals

National Treasury issued a discussion document on the 2013 Retirement Reform Proposals which can be found here.

These proposals follow a series of technical discussion papers with draft proposals that were issued in 2012, after 2012 Budget announcements by the Minister of Finance. Over the course of 2012, both formal and informal consultations were held in respect of these papers with stakeholders, including unions, industry associations, product providers, intermediary associations, and members of the public. Following on from these consultations, the Government has developed revised policy proposals for further consultation.

SAIT will be making a submission to SARS. Kindly provide your comments by email to taxtech@thesait.org.za by no later than 28 May 2013.

WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.